⚡ TFC Newsletter: 03/09/2023
ZK Accelerator Projects To Watch, Mirror Launches Subscription Feature, Nike's Swoosh Platform, Crypto Analytics, Web3 Developer Tooling, and more!
💡 Intro
🧠 Want to know a great trick for being early to Web3 projects?
Accelerators are a great place to look: as these projects are typically early stage but are also quality (as they have to be to get into accelerators).
Zero Knowledge is exciting as it opens up many new avenues for blockchain authentication without scaling & privacy issues.
Outlier Ventures just announced their ZK accelerator with the following teams:
Truffles: fraud-resistant private NFT invoice tracking platform for remittances
Radius: provides a trustless approach to transaction sequencing, which aims to prevent harmful MEV without the risk of centralization for appchains
ZkSig: privacy-first legally binding agreements for a tokenized world
DataHive: enables companies to give ownership of their data to consumers to create a consumer-owned data asset
Vself: creates a trustful interaction channel between organizations and their customers
Synder: enables traders to trade Options, Perpetuals & Futures on the same platform without compromises
Full thread of teams below:
Today, Mirror (Medium.com for Web3) launched Subscribe to Mint, a new way for creators to transform their collectors into an engaged web3 community.
NFTs allow creators to engage with their audiences in brand new ways and are a great way for projects to generate community, with some stats from Mirror below:
Optimism has gathered 334k subscribers with a collectable celebrating their accomplishments last year
Base has gathered 222k subscribers commemorating the historic collaboration between Base and Optimism with a drop
UFO has gathered 8k subscribers with a genesis pass for their podcast listeners
Full blog post from Mirror linked in this tweet thread:
Proven / $15.8M — Proven, a developer of zero-knowledge (ZK) proofs, has closed a $15.8 million seed round, led by Framework Ventures — CoinDesk
Cubist / $7M — Cubist Inc., a leading provider of Web3 development tools focused on security, has closed its $7 million seed round. — Businesswire
ECSA / $3M — ECSA, a Brazilian-based provider of stablecoins, has raised $3 million in a pre-seed funding round from Y Combinator and Arca. — TheBlock
Gyroscope / $4.5M — Gyroscope, a decentralized stablecoin provider, has secured $4.5 million in seed funding for the development of Gyro Dollars (GYD). — Yahoo Finance
Wildxyz / $7M — Wildxyz, a digital art platform and residency program, raised its seed funding round in $7 million in capital. The round was led by Reid Hoffman, Gwyneth Paltrow, and Cozomo de Medici. — CoinDesk
Matchday / $21M — Matchday, a Web3 gaming startup focused on soccer, has announced the successful completion of a $21 million seed funding round. — Decrypt
Toku / $20M — Toku, a startup that specializes in token-based payroll and tax compliance, has secured $20 million in funding. — Cryptonews
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.SWOOSH
"Building and co-creating the future of Nike"
Type of Product: Metaverse Platform
Purpose of Tool: .SWOOSH is an innovative community experience from Nike, where members can collaborate and create virtual products ranging from sneakers to apparel and accessories. It's a place where anyone can create and collect virtual items, and get rewarded for their creative contributions. It's also a space for tutorials and sessions on how to build 3D virtual creations, and it's available to everyone.
Co-create the future of Nike: .SWOOSH is a collaborative environment that gives members the chance to work together on virtual creations, from sneakers to accessories, and get rewarded for their work.
Unlock benefits in the physical world: Some of the virtual creations available on .SWOOSH can also unlock real-world benefits, like exclusive products and events.
Learning center: .SWOOSH offers tutorials and sessions on how to build 3D virtual creations, and teaches people how to thrive in this new digital world.
Team / Funding / Backers / Other Info: Nike Virtual Studios’s new platform, .swooosh, draws inspiration from RTFKT, the brand recently acquired by Nike in December 2021, which focuses on combining culture and gaming with cutting-edge technology to create unique collectibles.
RTFKT’s NFT sales have been a major success, and their pre-acquisition NFT collections have enabled Nike to generate a whopping $185.3 million in revenue from Web3 products.
Link to product | Link to TFC listing
IntoTheBlock
“Powering the Intelligence Layer of the Crypto Markets"
Type of Product: Crypto Analytics
Purpose of Tool: IntoTheBlock is a data science company that uses cutting-edge research in AI to provide actionable intelligence for the crypto market. It offers a variety of tools and services that allow users to gain insights into crypto markets and make informed decisions.
Price Predictions: IntoTheBlock's AI-powered directional price predictions provide users with an accurate forecast of average hourly prices for top cryptoassets.
DeFi General Insights: This feature offers insights into the decentralized finance (DeFi) sector on Ethereum, including adoption, usage, and fundamentals.
Blockchain Analytics: Using on-chain datasets, these analytics offer financial, network, ownership, and exchange-flows indicators for over 500 crypto-assets.
DeFi Analytics: This feature provides sophisticated analytics for both the general DeFi market and specific decentralized protocols.
Markets and Off-chain Analytics: These analytics provide spot and derivatives trading data, as well as market sentiment for any crypto-asset.
Team / Funding / Backers / Other Info: IntoTheBlock is a technology company founded by Jesús Rodriguez, who serves as the Chief Executive Officer and Chief Technology Officer, and Alfredo Terrero, who serves as the Chief Operating Officer. The company's funding round was announced on September 25, 2020, and involved the participation of three investors, with the amount raised undisclosed.
Link to product | Link to TFC listing
Brand Connector
“Connecting brands with NFTs"
Type of Product: NFT Rewards Tooling
Purpose of Tool: Brand Connector by Smart Token Labs is a website tool that allows brands to easily customize content, offers, and rewards to any NFTs in any user wallet. It creates a bridge between brands and NFT collections, allowing brands to connect NFTs to experiences or offerings.
Features of Brand Connector:
Simple Website Integration: Brand Connector is deployed as a NPM package to any website with only one day of JS development and no backend development, making it ideal for brand and campaign sites.
Brand Connector Recognizes NFT: Brand Connector prompts a user to verify their NFT ownership with a 1-click connection and simple proof of ownership.
Customised Website Content: Brand Connector enables website to personalise content by NFT, allowing brands to customise offers by NFT, target consumers by NFT, and increase loyalty and engagement.
Team / Funding / Backers Info / Transaction Amount: Smart Token Labs is also the creator of TokenScript and AlphaWallet, two open source solutions for a tokenized future. They also raised $6 million in a funding round for its TokenScript project led by Mr. Liang Xinjun, co-founder of Fosun International. This investment valued the company at $200 million.
Link to product | Link to TFC listing
Dynamic
"A powerful web3 auth developer platform”
Type of Product: Dev Tool
Purpose of Tool: Dynamic is a web3 auth developer platform which offers users smart and beautiful login flows, simple onboarding flows, and powerful developer tools. It is designed to make access and utilization of web3 easier and more seamless, allowing developers to abstract away the complexity of dealing with standards, chains, and wallets.
Email and Social account sign-in: Users can sign in to the platform using their email, with social authentication coming soon.
Invisible Wallet: In addition to sign-in options, customers can also choose to generate a wallet in the background, allowing them to explore web3 without requiring a crypto wallet.
SDK v2: The SDK has been completely revamped, giving developers more flexibility and control. Simple built-in themes will be available in the coming weeks.
User profiles: Multi-wallet functionality has been unified with user profile functionality, creating a robust user settings tab modal.
NFT gating v2 (coming soon): This feature has been completely redesigned. In a few weeks, developers will be able to easily gate by tokens, NFTs, POAPs, and more.
Multi-chain wallet adapter: This powerful, free offering allows developers to quickly implement a simple, multi-chain connector.
Team / Funding / Backers / Other Info: On March 2, 2023, Dynamic announced the public beta release of their product. Dynamic also had previously raised $7.5 million in a seed funding round, led by Andreessen Horowitz (a16z). The company was founded in December by two Israeli friends, Itai Turbahn and Yoni Goldberg, who have been close acquaintances for over fifteen years.
Link to product | Link to TFC listing
Upstream | DAO Creator Tool | Link to product
Hyperspace | NFT Marketplace | Link to product
Gomu | NFT Creator Tool | Link to product
Ramp network | DEX | Link to product
Juno | Banking | Link to product
Ethereum Foundation | Rust Engineer | Link to position
Nansen | Customer Success Manager | Link to position
Ankr | Sales Development Representative | Link to position
Celestia Labs | Security Engineer | Link to position
Opensea | Senior Full Stack Engineer | Link to position
Kraken | US Strategy Director | Link to position
Wintermute | Algorithmic Trader | Link to position
Moonpay | Lead Product Manager | Link to position
Web3Auth | Developer Relations | Link to position
Certik | Security Research Internship | Link to position
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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!